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vacuum cleaner. thus providing exporters -- germany, japan, or china -- with the requisite demand necessary. so, the ever expanding trade deficit was not an accident. it was a very clever way of replacing one that surplus recycling system with another. it was one where america had a surplus and america decided instead of doing what germany is doing at the moment -- which is cutting its nose to spite its face, and thereby ending the recession by cutting, cutting, -- entering into recession because they are imposing austerity on themselves, cutting -- volcker as the head of the fed at a different idea. we are going to expand our dominance and are well by expanding our deficit and using our deficits to provide the rest of the world with the demand which is necessary to grow their economies, even at the expense of hours. and who is going to pay for the deficit? if i have an ever-expanding deficit, the bank tells me it is came over. but if you are the united states of america and there are certain other factors that i will touch upon later, what you can do is you can expand your defici
tried to take advantage of it. >> to follow up, i had the advantage of traveling to china with my parents when i was a freshman in college. chairman maou was the chairman of china then. that is how long ago it was. and i got to meet him. my dad used to tell the story of, you know, we were walking through the receiving line, and you did not know when you are going to meet the chairman. it was one of those things that, all of the sudden there would come up to you is that we need to get in the car right now. they did not tell you where you're going. dr. kissinger was with us. dr. kissinger would say, ok, we're obviously going to the palace and we're going to meet the chairman at the time. the picture i have is his eyes light up, he was known to like women.thi this picture i have is it is this man has risen from the dead. he was glad to see this tall, blond woman in china. >> did you have secret service code names? >> yes, mine was panda. it was all "p's." one brother was professor. i can remember what the others were. >> we were "l's." -- we were "v's." i was venus -- i am teasing, i
-- the whole immigration problem. a lot of people say how will we compete with china's population? we could have the entire world at our disposal in with the best people of the world can come to the u.s. >> and stay and start businesses. >> the corporate tax reform, have a system which is simpler and promotes efficiency and makes it easier for american businesses to compete in the world. third, -- and that efficiency will be enormous. third, there is an infrastructure investment that needs to be made. this is important. in the context of the kind of budget deal we will get, we will be spending less. we have to think about what our values are as rwith respect to what we spend money on. the most important to spend money on its infrastructure. make investments in the future rather than short-term spending. and support for research, basic research, and higher education, and education. if government does that and that creates some degree of certainty with respect super -- just tell us what we will be and we can plan around it -- with respect to energy costs. i think we will create the conditions
to -- of china chance is progress to if there was one district name in changing the health and when people said the but the time from cover to,. it was a two session time. what they really meant was that they scanned it things they have read a yesterday. it was the reliable place to go. all of the news fit to print. it was a very important -- it was a very important part of history. let's take the normandy invasion in 1944, a major historic event. you remember -- most of us do not remember that, but if you think of that, could he should the map of the allies' progress? at the end of the thirties. horace. the crimes a point of departure, to make sure they have full reporters, that the most accurate news was really in the newspaper. the great news reporters could do so much. so it really was not the place for people to go to the news. i want to stress something else out. at that time, the government and the media were aligned. there was not this junction that we have now. it was not fox fees. there was not a gap that will come to later. i wanted to become the new media and administration was clos
individual on the part of the house to the united states china economic and security review commission for a term to expire december 31, 2014. the clerk: mr. larry wortzel of virginia. the speaker pro tempore: pursuant to clause 12-a, rule 1, watched documents and links about the fiscal cliff. over the next several hours, the latest on the negotiations over the so-called fiscal cliff. in a few moments, president obama, who also talked about preventing gun violence. it will hear briefly from house speaker john boehner, followed by house minority leader nancy pelosi. later the comments of senator kent conrad. >> if you work for him, you would get a mercurial, sometimes generous, sometimes overbearing, sometimes almost cruel loss. he did not know how to apologize. men of his age and class are not going to apologize for yelling at a secretary or typist. he had a way of turning the tables. his version of an apology would be saying actually i am a very kind man and you were doing a very good job today. the issue was never settled. he always had to get the last word in. one night going throug
Search Results 0 to 4 of about 5

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